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New Loan For California Healthcare Workers

Posted by janepeters on January 3, 2010
| 0

There is a new mortgage available for California Healthcare Workers.
Broadview Mortgage has an exciting new  loan for healthcare workers making home-buying affordable.

This loan is available to almost anyone in the medical field – medical office receptionists, ambulance drivers, doctors, nurses, physicians aids, physical therapists, etc.

Here are some of the program’s highlights:

  • Fixed origination fee…the maximum origination charged is only 1%
  • Fixed lender fees…the maximum lender fee is $350.00. This includes our underwriting and processing fee!
  • The rates are based on the CalSTRS daily rate and there can be no lender manipulation just like the CalSTRS program.  What you see is what you get.
  • One time free float down during escrow.  This means if you are locked at 5.5% but the rate goes to 5.25%, you get the lower rate for free with just a phone call to Broadview’s lock department.
  • Low down payment….only 3. 5%….just like FHA.
  • Minimum FICO score is 620.
  • This is a 30-year fixed mortgage.
  • No first-time homebuyer requirement.

Underwriting turnaround times from time of submission in 48 hours and most of the files are closed within 30 days.

(This program may no longer be available).

 

Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-351-9208

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